Karsten Neuhoff Defining gas price limits and gas saving targets for a large-scale gas supply interruption Abstract | Non-Technical Summary | Text Continue Reading
Category Archives: News
David Newbery awarded the honorary title of Doctor by Dauphine – PSL
We are delighted to announce that David Newbery (Director of EPRG, Emeritus Professor of Economics, Faculty of Economics, University of Cambridge) awarded the honorary title of Doctor by Dauphine-PSL on 2 June 2022 by Prof. El Mouhoub Mouhoud, President of Dauphine – PSL, and Prof. Bruno Bouchard, Vice-President of the Scientific Council. Please read more here… Continue Reading
Presentation “The Green Economy and the Path to Net Zero: Implications for Productivity Measurement” by M.Pollitt
Michael Pollitt (Assistant Director, EPRG and Professor of Business Economics, Judge Business School, University of Cambridge) visited the ESCOE Annual Conference in Glasgow on 27 May 2022 and gave a talk on “The Green Economy and the Path to Net Zero: Implications for Productivity Measurement” You can watch a video of the talk here A shorter interview… Continue Reading
Journal Article “Linking executive compensation to climate performance”, California Management Review, Volume 64, May 2022
Robert A. Ritz Linking executive compensation to climate performance California Management Review, Volume 64, May 2022 An earlier version of this work was published as EPRG WP 2029 Continue Reading
Journal Article “Global carbon price asymmetry”, Journal of Environmental Economics and Management, Vol. 114, July 2022
Robert A. Ritz Global carbon price asymmetry Journal of Environmental Economics and Management, Vol. 114, July 2022 Also Published as EPRG WP 2116 Continue Reading
EPRG Working Paper 2211
Robert A. Ritz Carbon pricing and industrial competitiveness: Border adjustment or free allocation? Abstract | Non-Technical Summary | Text Continue Reading
2022 EPRG Spring Seminar
EPRG is pleased to announce our successful 2022 Spring Seminar in partnership with Compass Lexecon. On May 5, 2022, EPRG hosted delegates to a dinner at Downing College, and on May 6, 2022, at Robinson College for a full-day seminar. The first day concluded with a keynote speech given by Dr. Simon Taylor. PROGRAMME 6 MAY 2022… Continue Reading
EPRG Working Paper 2210
Paul Simshauser On dividends and market valuations of Australia’s listed electricity utilities: regulated vs. merchant Abstract | Non – Technical Summary | Text Continue Reading
EPRG Working Paper 2209
Wei Zhou, Alice Moncaster, Eoghan O’Neill, David M Reiner, Xinke Wang and Peter Guthrie Modelling future trends of annual embodied energy of urban residential building stock in China Abstract | Non -Technical Summary | Text Continue Reading
Speech in honour of Friedrich Hayek by S. Littlechild
Stephen Littlechild’s speech in honour of Friedrich Hayek at the Austrian Embassy, London, 23 March 2022 | PDF Continue Reading
Article “Cold and wet hits US states harder in some sectors” with K. Mohaddes
Dr Kamiar Mohaddes and his work on “Climate Change and Economic Activity: Evidence from U.S. States” is covered in JBS news in article “Cold and wet hits US states harder in some sectors”, on 16 March 2022 You can read the article here Continue Reading
Blog “Accelerating Africa’s green economy transition”, by V. Ajayi
Victor Ajayi and Chuku Chuku wrote a blog “Accelerating Africa’s green economy transition” in Brookings on 4 November 2021 Please read the blog here Continue Reading
Journal Article “Market Power and Long-term Gas Contracts: The Case of Gazprom in Central and Eastern European Gas Markets”, The Energy Journal, Vol. 44, Number 1, 2022
Chi Kong Chyong, David M Reiner, Dhruvak Aggarwal Market Power and Long-term Gas Contracts: The Case of Gazprom in Central and Eastern European Gas Markets The Energy Journal, Volume 44, Number 1, 2022 Also Published as EPRG WP 2115 Continue Reading
Journal Article “The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade”, The Energy Journal, Vol. 44, 2022
Bowei Guo and David Newbery The Cost of Carbon Leakage: Britain’s Carbon Price Support and Cross-border Electricity Trade The Energy Journal, Volume 44, Number 1, 2022 Also Published as EPRG WP 2005 Continue Reading
Journal Article “State-level electricity generation efficiency: Do restructuring and regulatory institutions matter in the US?”, Energy Economics, Vol. 104, December 2021
Victor Ajayi and Tom Weyman – Jones State-level electricity generation efficiency: Do restructuring and regulatory institutions matter in the US? Energy Economics, Volume 104, Article Number 105650, December 2021 Continue Reading
Blog: “Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study” with R. Debnath
Dr Ramit Debnath (EPRG Associate Researcher) together with others was awarded a Small Grant by the Energy IRC for a project titled: ‘Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study’. The blog by Sandile Mtetwa “Energy Transition Policy in Sub-Saharan Africa: Using Ghana as a case study” was published by Energy… Continue Reading
Op-ed “Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take” by CK Kong
Chi Kong Chyong published an article “Russian gas will fund Putin’s war on Ukraine no matter what decisions Europeans might take” in which he discusses the implications of the Russian invasion of Ukraine. It was published on 8 March 2022 on University of Cambridge website You can read the article here Continue Reading
Presentation “Developing a market to deliver reliable cost-effective decarbonised electricity” by D. Newbery
David Newbery gave a presentation “Developing a market to deliver reliable cost-effective decarbonised electricity” at the virtual policy conference of Westminster Energy, Environment and Transport Forum on 28 February 2022 | PDF Continue Reading
EPRG Working Paper 2208
Kamiar Mohaddes, Ryan Ng, M. Hashem Pesaran, Mehdi Raissi, and Jui-Chung Yang Climate Change and Economic Activity: Evidence from U.S. States Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2207
David Newbery Wind, water and wires: evaluating joint wind and interconnector capacity expansions in hydro-rich regions Abstract | Non-Technical Summary | Text Continue Reading
Podcast “Power To The People” with M. Pollitt
Michael Pollitt took part in a podcast “Power To The People” by Byline Times on 9 February 2022. To listen to the podcast please click here Continue Reading
EPRG Working Paper 2206
Vassilis M. Charitopoulos, Mathilde Fajardy, Chi Kong Chyong, and David M. Reiner The case of 100% electrification of domestic heat in Great Britain Abstract | Non-Technical Summary | Text Supplementary material Continue Reading
EPRG Working Paper 2205
Zeynep Clulow and David M Reiner How to distinguish climate sceptics, antivaxxers, and persistent sceptics: Evidence from a multi-country survey of public attitudes Abstract | Non-Technical Summary | Text Supplementary tables Continue Reading
EPRG Working Paper 2204
Nicholas Gohdes and Paul Simshauser Renewable entry costs, project finance and the role of revenue quality in Australia’s National Electricity Market Gohdes, N. Simshauser, P. & Wilson, C. (2022), “Renewable entry costs, project finance and the role of credit quality in Australia’s National Electricity Market”, EPRG Working Paper 2204. Published: Energy Economics, 2022 Vol.114. https://doi.org/10.1016/j.eneco.2022.106312 Abstract | Non-Technical… Continue Reading
S. Littlechild latest submission to BEIS and Ofgem, January 2022
Stephen Littlechild’s latest submission “The importance of terminating the energy price cap” is his response to BEIS and Ofgem consultations on the retail energy market | PDF An outline of this submission was published in Energy Spectrum by Cornwall Insight on 24 January 2022. You can read it here Continue Reading
Comment “Reflections on Energy Market Design” by M. Pollitt
Comment “Reflections on Energy Market Design” by Michael Pollitt was published by CERRE on 12 January 2022. You can read the comment here Continue Reading
Journal Article “Climate change policy discontinuity & Australia’s 2016-2021 renewable investment supercycle”, Energy Policy, Vol 160, January 2022
Paul Simshauser and Joel Gilmore Climate change policy discontinuity & Australia’s 2016-2021 renewable investment supercycle Energy Policy, volume 160, January 2022 Based on EPRG WP2014 Continue Reading
Presentation “The value of flexibility: a cost benefit analysis of Merlin project” by K. Anaya
Karim Anaya gave a presentation “The value of flexibility: a cost benefit analysis of Merlin project“ at the 6th AIEE Energy Symposium on Energy Security on 15 December 2021 | PDF Continue Reading
EPRG Working Paper 2203
Ramit Debnath, Ronita Bardhan, Kamiar Mohaddes, Darshil U. Shah, Michael H. Ramage, R. Michael Alvarez People-centric Emission Reduction in Buildings: A Data-driven and Network Topology-based Investigation Abstract | Non-Technical Summary | Text Continue Reading
Journal Article “Climate Change and Fiscal Sustainability: Risks and Opportunities”, National Institute Economic Review, Vol 258, 30 December 2021
Matthew Agarwala, Matt Burke, Patrycja Klusak, Kamiar Mohaddes, Ulrich Volz and Dimitri Zenghelis Climate Change and Fiscal Sustainability: Risks and Opportunities National Institute Economic Review, volume 258, pages 28-46, 30 December 2021 Continue Reading
EPRG Working Paper 2202
Joel Gilmore, Tahlia Nolan and Paul Simshauser The Levelised Cost of Frequency Control Ancillary Services in Australia’s National Electricity Market Abstract | Non-Technical Summary | Text Continue Reading
Journal Article: “Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis”, Energy Economics, Vol 104, December 2021
Matthew E. Kahn, Kamiar Mohaddes, Ryan N.C. Ng, M. Hashem Pesaran, Mehdi Raissi, Jui-Chung Yang Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis Energy Economics, volume 104, article # 105624, pages 1-13, December 2021 This article is based on EPRG WP 1925 Continue Reading
EPRG Working Paper 2201
Karim L. Anaya, Monica Giulietti and Michael G. Pollitt Where next for the electricity distribution system operator? Evidence from a survey of European DSOs and National Regulatory Authorities Abstract | Non-Technical Summary | Text Continue Reading
2021 EPRG Virtual Winter Seminar
EPRG is pleased to announce our successful 2021 Virtual Winter Seminar. The event took place on 8 and 9 December 2021 and consisted of 4 sessions. The first day concluded with a keynote speech. PROGRAMME 8 DECEMBER 2021 SESSION 1 – Electricity market design Chair: Michael Pollitt (EPRG) David Newbery (EPRG) Designing efficient renewable electricity support… Continue Reading
EPRG Working Paper 2126
Victor Ajayi, Karim Anaya and Michael Pollitt Incentive regulation, productivity growth and environmental effects: the case of electricity networks in Great Britain Abstract | Non-Technical Summary | Text Continue Reading
EPRG Working Paper 2125
Paul Simshauser Rooftop solar PV and the peak load problem in the NEM’s Queensland region Abstract | Non-Technical Summary | Text Continue Reading
Journal Article: “Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets”, Energy Economics, Vol 104, December 2021
Paul Simshauser Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets Energy Economics, volume 104, December 2021 Published as EPRG WP#2008 Continue Reading
Journal Articles: Trilogy by S. Littlechild, Utilities Policy, Vol 73, December 2021
Utilities Policy, Volume 73, December 2021, contains a Special Issue on the Liittlechild Trilogy. These are three articles by Stephen Littlechild on the theme of Exploring customer satisfaction in the GB retail energy sector. The first two describe the use of the Trustpilot customer review site, particularly by GB energy suppliers, and the third calculates… Continue Reading
Article “Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency” by K. Mohaddes et al
Kamiar Mohaddes, Matthew Agarwala, Matt Burke and Patrycja Klusak wrote an article “Climate finance: it’ll be cheaper in the long run if poorer countries receive it as a matter of urgency” that was published in The Conversation on 5 November 2021. In the article, the authors argue that: Climate change will shrink the economies of… Continue Reading
Presentation “Incentive-based regulation: An historical perspective and a suggestion for the future” by S. Littlechild
Stephen Littlechild gave a presentation “Incentive-based regulation: An historical perspective and a suggestion for the future” at the Florence School of Regulation Regulatory Policy Workshop Series 2021-2022 on 5 November 2021 | PDF Continue Reading
Report “Greenovate for a better environment and economy” by Z. Hasna and K.Mohaddes
Zeina Hasna, Henry-James Hatton and Kamiar Mohaddes wrote a report “Greenovate for a better environment and economy” for KPMG International in November 2021. Drawing on patent data from 92 patent-application authorities (24 million observations) and the last three decades for 43 OECD and BRICS countries (roughly 24 million observations), the report shows that green patent… Continue Reading
Journal Article: “The hydrogen economy: A pragmatic path forward”, Joule, Vol 5, October 2021
Niall Mac Dowell, Nixon Sunny, Nigel Brandon, Howard Herzog, Anthony Y. Ku, Wilfried Maas, Andrea Ramirez, David M. Reiner, Gaurav N. Sant, Nilay Shah The hydrogen economy: A pragmatic path forward Joule, volume 5, issue 10, pages 2524-2529, 20 October 2021 Continue Reading
Report “Data Centres and the Grid – Greening ICT in Europe” by M. Pollitt
Michael Pollitt co-authored a report “Data Centres and the Grid – Greening ICT in Europe” for CERRE that was published on 13 October 2021. You can read the report here This report was presented at CERRE webinar on 13 October 2021 Continue Reading
Article “How nuclear energy can help make all UK electricity green by 2035” by B. Nuttall
William (Bill) Nuttall, EPRG Associate Researcher, published an article “How nuclear energy can help make all UK electricity green by 2035” in The Conversation on 6 October 2021. You can read the article here Continue Reading
EPRG Working Paper 2124
Karim L. Anaya and Michael G. Pollitt An evaluation of a local reactive power market: the case of Power Potential Abstract | Non-Technical Summary | Text Continue Reading
Journal Article: “National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage”, Energy Policy, Vol 158, November 2021
David Newbery National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage Energy Policy, volume 158, article #112513, November 2021 Based on EPRG Working Paper 2020 Continue Reading
Journal Article: “The cost of uncoupling GB interconnectors”, Energy Policy, Vol 158, November 2021
Bowei Guo and David Newbery The cost of uncoupling GB interconnectors Energy Policy, Volume 158, article #112569, November 2021 Also published as EPRG WP#2102 Continue Reading
Journal Article ” The challenge of removing a mistaken price cap” by S. Littlechild
Stephen Littlechild wrote an article “The challenge of removing a mistaken price cap” that was published in Economic Affairs Journal in October 2021 issue. You can read a pre-proof copy of the article here and a link to the final published paper is here Continue Reading
EPRG Working Paper 2123
Victor Ajayi and Tom Weyman-Jones State-Level Electricity Generation Efficiency: Do Restructuring and Regulatory Institutions Matter in the US? Abstract | Non-Technical Summary | Text Continue Reading
Presentation “Energy Finance” by B. Megginson
Bill Megginson (Price Chair in Finance, George Lynn Cross Research Professor, University of Oklahoma) visited EPRG and the Economics & Policy Group at the Judge Business School on 16 September 2021 and gave a talk on “Energy Finance” You can watch a video of the talk here The slides are available from here Abstract Defined… Continue Reading